Stock Market: Sensex tanks 573 pts, Nifty at 24,718
Weak global cues led to a gap-down start for the Nifty; however, selective buying in heavyweights helped trim some of the losses as the session progressed.
Weak global cues led to a gap-down start for the Nifty; however, selective buying in heavyweights helped trim some of the losses as the session progressed.
The BSE Sensex, and the Nifty50 witnessed a sharp downturn in intraday trade on Friday amid selling in heavyweights like HDFC Bank, Reliance Industries, L&T, HUL, Axis Bank, and Bajaj Finance
In a week full of political surprises, the Indian Indices saw high volatility but ended up gaining more than 3 per cent, buoyed by Prime Minister Narendra Modi's return for the record third term and RBI's monetary policy announcements
Banking, IT and realty stocks advanced while media and oil & gas shares declined
On the other hand, Affle India Ltd (up 7.02%), R Systems International Ltd (up 6.64%), and Genesys International Corporation Ltd (up 3.44%) turned up
The S&P BSE Sensex was up 300 points, holding on to 74,000-mark, while the NSE Nifty 50 was up over 90 points at 22,459.80
The BSE Sensex surged by nearly 900 points to above 73,800 levels, while the Nifty50 is trading above 22,420